Trend: European Union comes to grips with its energy security

The European Union, which suffers from lack of alternative sources of gas supplies, has decided to come to grips with the embodiment of its goal on their diversification, having expressed willingness to speed up the conclusion of agreements with such countries as Azerbaijan and Turkmenistan.

In particular, as early as 2015, the EU intends to sign Memoranda of Understanding with the two countries, which should become a part of a package to improve the “stability” of gas supply to Europe, according to Spiegel Online.

“The EU will use all the foreign policy tools in order to strengthen the strategic energy partnership with producer countries and transit countries,” said Spiegel Online.

The EU is on time with making such steps. In 2016, construction of the Trans Adriatic Pipeline (TAP) will begin, which will already be transporting Azerbaijani gas to the European markets in 2019. Gas supplies from Azerbaijan will open a new energy era for the EU, as it will be provided with not only a new alternative source, but a completely new route of energy supplies.

MORE